Know How BillingParadise increased 60% revenue for an OB/GYN Practices - PowerPoint PPT Presentation

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Know How BillingParadise increased 60% revenue for an OB/GYN Practices

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BillingParadise helps 20+ Ob-GYN practices to improve their revenue, each ob-gyn center’s need is completely different. Most ob-gyn centers switch because they were not happy with third Party RCM provider, some look for an OBGYN specific billing company, few want to outsource from a small in-house billing team to a full-fledged company. The ob-gyn practice’s dream didn’t come true until they found BillingParadise. 1.Challenge 2.Discovery 3.Medical coding audit. 4.Know your Payers 5.Modernizing the billing cycle 6.ERAs and EFT enrollments 7.Improving patient experiences 8.Antepartum care billing 9.NST services 10.AR & Denial Management Solutions For more information, Facebook: Twitter: LinkedIn: Google+: YouTube: – PowerPoint PPT presentation

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Title: Know How BillingParadise increased 60% revenue for an OB/GYN Practices


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Know How BillingParadise Increased 60 Revenue
for an OB/GYN Center
-Case Study
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An OB-GYN Center Based in California Experienced
the BillingParadise Difference
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1. Challenge
A large ob-gyn group in California needed to
improve its operating margin, streamline
processes and lower its cost base.
The medical billing company they worked with was
not proficient with their EHR. 
This led to fragmented billing data and the
additional expense of paying for two systems. 
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2. Discovery
A critical first step was to conduct a audit to
discover hidden deficiencies. 
The fact that numerous patients were unhappy with
the practice and were switching to other
providers was also a spot of bother for the
ob-gyn practice. 
BillingParadise analyzed the current workflow,
billing cycle and payment information of the
group practice to identify its performance
challenges.
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3. Medical coding audit
BillingParadise proposed a business intelligence
system to correct the below-average coding
quality and yield strong lasting results.
Since weve been in the industry for more than a
decade and handling many ob-gyn practices
revenue, we knew that for ob-gyn patients claims
should be submitted to after giving birth.
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4. Know your Payers Timely filing limits 
At BillingParadise, we always we maintain a chart
to remind the timely filing deadlines. 
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5. Modernizing the billing cycle
A concerted effort was made to consolidate and
standardize our clients revenue cycle. 
After making changes across the billing cycle the
ob-gyn center was able to see a visible change in
top line revenue growth and workflow efficiency.
We could improve the monthly revenue by 50
within a few months.
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6. ERAs and EFT enrollments
BillingParadises OB GYN billing team completed
ERA and EFT enrollment and improved payment TAT.
It has helped to zero down denials
systematically by directing denials to our Denial
Manager software.
In fact we have not only increased 50 monthly
revenue, but reduced 3 of their expenditures. 
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7. Improving patient experiences 
Our team coordinated with the client to implement
a pilot program to strengthen patient
relationships.
As a first step the patient department of
BillingParadise contacted patients and resolved
queries and complaints regarding their bills.
An e-statement pathway was created to send
patient statements and real-time views of patient
payments were made available to staff to resolve
queries. In addition to financial counselling for
patients, they were also educated on online
payment methods
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8. Antepartum care billing
Our deep experience in offering billing support
to ob-gyn practices for 15 years we understand
that antepartum care is one of the major revenue
spinners for ob-gyn practices.
Patients whod moved to other states or practices
were not issued billing statements for antepartum
care by BillingParadise. The patient billing
department got in touch with them to recover
money for unbilled care.
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9. NST services
Our deep experience in ob-gyn billing and the
intricacies of the specialty helped us to guide
the doctors on global billing and to bill claims
on Global billing package.
We also educated them on signing charts for
outpatient visits and inpatient services.
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10. AR and Denial Management Solutions
Standardization of AR workflows and processes
through our AR management platform led to reduced
AR days and improved revenue capture.
By implementing our denial management software we
were able to discover and resolve critical
issues, accelerate the denial recovery process,
eradicate controllable write-offs and protect the
practice from future denials.
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How we are Unique?
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Our tailored billing approach
  • Code Auditing
  • Revenue Cycle Audits
  • ERA Enrollment
  • Patient AR Recovery
  • Denial Management
  • E-Payment Pathway For Patients

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Thank you
To Read More Details
Toll-free 888-571-9069 , 877-272-1572 Email
info_at_billingparadise.com Website
www.billingparadise.com
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